Not worried about my investments right now, since I have about another 25-30 years until retirement. I'm more worried about people like my dad, although now that they will be retiring in the next year, they have moved their money into much safer investments.

newarenanow wrote:Not worried about my investments right now, since I have about another 25-30 years until retirement. I'm more worried about people like my dad, although now that they will be retiring in the next year, they have moved their money into much safer investments.

The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.Yikes.

newarenanow wrote:Not worried about my investments right now, since I have about another 25-30 years until retirement. I'm more worried about people like my dad, although now that they will be retiring in the next year, they have moved their money into much safer investments.

The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.Yikes.

Yeah, people who are closer to retirement, especially if they don't pay attention to their money, this is a big deal.

People like us, we will probably go through this another 3 or 4 times. It will rebound.

Like I said, I'm just worried the economy slips into another recession. The company I work for weathered the last one pretty well, but a lot of people "volunteered" for early retirement and there were layoffs at the plant level. We were ok at the corporate level. But who knows what another one will bring.

columbia wrote:The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.Yikes.

The question is, did they hang on and recoup any of that big loss between March 2009 to the current?

On of kenny the kagnaroo's clients sold about $350,000 worth of stocks at a 36% loss on March 9, 2009, which was within a week or two of the markets low point. that really was gutwrenching because the market rebounded a pretty fair amount by the end of 2010.

columbia wrote:The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.Yikes.

The question is, did they hang on and recoup any of that big loss between March 2009 to the current?

On of kenny the kagnaroo's clients sold about $350,000 worth of stocks at a 36% loss on March 9, 2009, which was within a week or two of the markets low point. that really was gutwrenching because the market rebounded a pretty fair amount by the end of 2010.

Yes and no.They gambled wrong in relation to the bond market.(Too complicated to want to explain here.)

I worry about their future and this from a guy who assumes he will have to work until he is at least 70.

columbia wrote:The columbias who brought me into this world lost 3 years of retirement income in the 2008 crash.Yikes.

The question is, did they hang on and recoup any of that big loss between March 2009 to the current?

On of kenny the kagnaroo's clients sold about $350,000 worth of stocks at a 36% loss on March 9, 2009, which was within a week or two of the markets low point. that really was gutwrenching because the market rebounded a pretty fair amount by the end of 2010.

My parents (dad) played the game right, and while not getting 100% back, I'd say he recovered about 90-95% of what he lost. Now that they are less than a year away from retirement, earlier this year, he pulled a lot of the money out and put it into much safer investments, basing it on the fact that if the market took another dump, they wouldn't have 3-5 years to let it recover.